Cambridge Credit Counseling in Texas

Debt Management Plans for Texas Residents#

A debt management plan combines unsecured debts into one monthly payment managed by the counseling agency. It is not a loan and does not involve borrowing new money. Almost all concessions such as lower interest rates or waived fees follow preset guidelines set by each creditor, not by Cambridge Credit Counseling. In some cases they can vary based on the level of hardship in the budget, and certain accounts may not be eligible for them. This service is available to residents of Texas.

Free Credit Counseling for Texas Residents#

Credit counseling sessions at Cambridge Credit Counseling are free of charge for Texas residents. Cambridge Credit Counseling is a member of the National Foundation for Credit Counseling and its counselors are certified. The agency is also ISO 9001 registered.

Student Loan Counseling for Texas Residents#

Cambridge Credit Counseling offers student loan counseling as part of its services for Texas residents.

Housing Counseling for Texas Residents#

Cambridge Credit Counseling is a HUD-approved housing counseling agency. Texas residents can access first-time homebuyer courses. A mortgage is a long-term secured loan where the home serves as collateral, and monthly payments typically include principal, interest, taxes, and insurance, known as PITI. Homebuyers who make a down payment of less than 20 percent are usually required to carry private mortgage insurance. Under the federal Homeowners Protection Act, a homeowner with a conventional loan may ask the loan servicer in writing to cancel private mortgage insurance (PMI) once the loan balance reaches 80 percent of the home’s original value. To qualify, the homeowner must have a good payment history, be current on payments, and certify that there are no junior liens (such as a second mortgage) on the home. The lender may also require proof that the home’s value has not fallen below its original value. PMI must also be automatically terminated, without the homeowner having to request it, on the date the loan balance is scheduled to reach 78 percent of the original value. For PMI to end on that date, payments must be current; otherwise, it ends shortly after they are brought up to date. These rules apply to most conventional loans made on or after July 29, 1999, for a single-family home that is the owner’s main home; FHA loans have different rules. We encourage Texas homebuyers who cannot afford a 20 percent down payment to speak with a HUD-approved housing counseling agency, like ours, to learn about programs that may help toward homeownership.

Reverse Mortgage (HECM) Counseling for Texas Residents#

Cambridge Credit Counseling offers reverse mortgage counseling, including HECM counseling, to residents of Texas.

Bankruptcy Counseling and Debtor Education for Texas Residents#

Cambridge Credit Counseling is approved by the Department of Justice to provide pre-filing bankruptcy counseling and post-filing debtor education for Texas residents. Bankruptcy counseling and debtor education each cost $50.00 per household per session and are available free or at a reduced rate based on ability to pay. The fee is per household, not per person, so a married couple filing together pays once. Households with income below 150 percent of the federal poverty guidelines for their household size are presumed eligible for a fee waiver. Households above that line may still qualify for a reduced fee if they can show a temporary financial hardship, such as a recent job loss or drop in income, unexpected medical costs, disability, separation or divorce, the death of a household wage earner, or another documented financial circumstance that significantly impacts the household’s ability to pay. Waivers and reductions are assessed on the household’s current income, expenses and overall financial condition, and Cambridge Credit Counseling will not refuse services to anyone due to inability to pay.

Approval by the U.S. Department of Justice Executive Office of United States Trustees does not endorse or assure the quality of our services.

Debt Settlement Is Not Offered in Texas#

Debt settlement means negotiating to pay less than the full balance owed. It is a different service from credit counseling and is typically offered by for-profit companies. Cambridge Credit Counseling does not provide debt settlement services to Texas residents.

Cambridge Credit Counseling’s License in Texas#

Cambridge Credit Counseling Corp is registered in Texas as a Debt Management Service Provider, registration number 125729, regulated by the Office of Consumer Credit Commissioner, allowing it to serve Texas residents.

About Cambridge Credit Counseling#

Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit organization founded in 1996 and headquartered in Agawam, Massachusetts. Texas residents can reach Cambridge Credit Counseling for new counseling inquiries at 800-857-2808.

Common questions

Is Cambridge Credit Counseling licensed in Texas?

Yes. Cambridge Credit Counseling is registered in Texas as a Debt Management Service Provider, registration number 125729, regulated by the Office of Consumer Credit Commissioner.

Is credit counseling free for Texas residents?

Yes. Credit counseling sessions at Cambridge Credit Counseling are free of charge for Texas residents.

Does Cambridge Credit Counseling offer debt settlement in Texas?

No. Cambridge Credit Counseling does not offer debt settlement. It focuses on credit counseling, debt management plans, and related nonprofit services for Texas residents.

Can Cambridge Credit Counseling help with foreclosure or first-time homebuyer education in Texas?

Yes. As a HUD-approved housing counseling agency, Cambridge Credit Counseling offers first-time homebuyer courses to Texas residents. Cambridge Credit Counseling provides foreclosure help only to residents of Massachusetts, Connecticut, New York, Missouri and Kansas, so Texas homeowners facing foreclosure can find a HUD-approved housing counselor in their area at HUD.gov.

Where this information comes from

• NFCC Member Agencies register nfcc.org Checked 2026-08-28.
• How To Get Out of Debt, Federal Trade Commission consumer.ftc.gov Checked 2026-08-28.
• industry definition, NFCC nfcc.org Checked 2026-08-28.
• CFPB consumer guidance consumerfinance.gov Checked 2026-08-28.
• Federal Trade Commission, How To Get Out of Debt consumer.ftc.gov Checked 2026-09-18.
• Less Than 20% Down on a House? Cambridge Credit Counseling Explains (Cambridge Credit Counseling’s own information).
• Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
• Nonprofit Credit Counseling at Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
• About Cambridge Credit Counseling | Nonprofit (Cambridge Credit Counseling’s own information).
• Counselor Certifications and Agency Accreditations | Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
• HUD-Approved Housing Counseling from Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
• Contact Cambridge Credit Counseling | Offices, Departments and Hours (Cambridge Credit Counseling’s own information).
• Frequently Asked Questions | Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
• Bankruptcy Counseling and Debtor Education at Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).